The latest announcement is out from Muthoot Finance Ltd ( (IN:MUTHOOTFIN) ).
Muthoot Finance Ltd has announced an update to its US$ 2 billion Global Medium Term Note Programme, revealing a new issuance of US$400 million in senior secured bonds. The proceeds from these bonds will be used for onward lending and other activities, aligning with regulatory approvals and guidelines. This strategic move is expected to bolster Muthoot Finance’s financial capabilities, potentially enhancing its market position and offering more robust services to its stakeholders.
More about Muthoot Finance Ltd
Muthoot Finance Ltd is a prominent financial services company in India, primarily engaged in providing gold loans. The company operates in the non-banking financial sector, focusing on leveraging its extensive network to cater to the financial needs of individuals and businesses, particularly in the gold loan segment.
YTD Price Performance: 3.38%
Average Trading Volume: 9,577
Current Market Cap: 882.1B INR
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